News Summary
Eagle Physical Therapy & Rehabilitation has acquired a former Rite Aid site in Baltimore City for $1.85 million. The new location at 250 W. Chase Street will serve as the headquarters and patient care center, following their relocation from St. Paul Street. The practice specializes in physical, occupational, and speech therapy, aiming to provide comprehensive care to the community. This expansion reflects their commitment to enhancing healthcare services in Baltimore.
Baltimore, Maryland – Eagle Physical Therapy & Rehabilitation has acquired a former Rite Aid site in Baltimore City to support its expansion plans. The organization purchased the property for $1.85 million, marking a significant step in its growth strategy within the city.
Details of the Property Purchase
The property, located at 250 W. Chase Street in the Mount Vernon neighborhood, spans approximately 11,113 square feet. The site was most recently leased by Rite Aid, which closed the store in January 2024. The sale was finalized from West Chase 250 LLC.
Intended Use and Relocation Plans
Eagle Physical Therapy & Rehabilitation plans to relocate its downtown Baltimore headquarters and medical facility from 1020 St. Paul Street early next year. The new location will serve as both the practice’s administrative hub and its main patient care center.
About Eagle Physical Therapy & Services
The practice specializes in physical, occupational, and speech therapy. In addition to these core services, it offers mental health services, aiming to provide comprehensive care to its patients. Eagle Physical Therapy also provides on-site services at private residences and healthcare facilities across Maryland.
Location Significance and Community Impact
The new property sits at the intersection of West Chase Street, Martin Luther King Jr. Boulevard, and North Howard Street. This area is known for high traffic volume, with nearly 100,000 residents within a 1.5-mile radius. Its strategic location offers excellent road visibility and accessibility for patients and staff alike.
Real Estate Transaction and Representation
The purchase was facilitated by MacKenzie Commercial Real Estate Services. An executive from the firm noted that the acquisition reflects Eagle Physical Therapy’s commitment to Baltimore City and aims to ensure minimal disruption for both staff and patients during the transition.
Selection Factors for the Property
The site’s immediate availability, combined with its surface parking and visibility, made it an ideal choice for the new headquarters. The decision supports the practice’s ongoing growth and enhances its presence in Baltimore’s healthcare sector.
Background Context
As part of its expansion, Eagle Physical Therapy has sought new locations within Maryland to better serve the community and broaden its reach. The acquisition of this former Rite Aid site exemplifies a broader trend of repurposing commercial properties for healthcare use in urban areas.
Summary of Key Facts
- Location: 250 W. Chase Street, Baltimore
- Purchase Price: $1.85 million
- Property Size: 11,113 square feet
- Previous Tenant: Rite Aid (closed January 2024)
- Buyer: Eagle Physical Therapy & Rehabilitation
- Seller: West Chase 250 LLC
- Relocation: From 1020 St. Paul Street early next year
- Area Population: Nearly 100,000 residents within 1.5 miles
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- The Daily Record: Maryland Empowering Women 2025 Winners
- Wikipedia: Women in Maryland
- Baltimore Magazine: Women Who Move Maryland 2025
- Google Search: Baltimore Walking Group
- Fox43: Empowering Female Student Athletes
- Encyclopedia Britannica: Feminism
- Baltimore Ravens: L.I.F.T. Conference
- Google News: Women in Sports
